LLC becomes SMLLC during the year - CA tax/fees - Spidell

LLC becomes SMLLC during the year – CA tax/fees

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Message Board LLC becomes SMLLC during the year – CA tax/fees

  • This topic has 1 reply, 2 voices, and was last updated 2 weeks ago by Lynn Freer.
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    • #265820
      Anonymous
      Member

      When an LLC becomes a SMLLC due to change of ownership in the middle of the year, does it have to pay $800 twice – for the first stub period as an LLC and second stub period as a SMLLC? Does the SMLLC have to make estimated LLC fee payment even though the LLC already did?

    • #265837
      Lynn Freer
      Participant

      Yes the LLC must make two $800 payments and compute the fee twice for the multimember LLC and the SMLLC based on gross receipts during the two different periods. If the fee paid is more than the multimember fee FTB will refund when return is filed

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